Key Market Indicators
Morocco's crude oil production is projected to decline significantly over the next five years. From 2021 to 2026, production is expected to decrease by an average of 11.4% each year, with a total fall of 7.9% since 1976. Morocco currently ranks 84th in the world for crude oil production, with Moldova overtaking them in 2021 at 3.08 thousand tonnes of oil equivalent. The top three producers are Saudi Arabia, the United States and Iraq.
